UK/EUROPE - Goldman Sachs Asset Management is launching an online cash management service aimed at institutional investors in the UK and Europe.
The Goldman Sachs Global Cash Services’ site will offer schemes a single, secure online centre for trading, reporting and research.
Clients will be able to access institutional money market funds and direct fixed income securities, as well as track online trades and real-time account information, it claims.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.